UIPIX vs. BTCFX
UIPIX (ProFunds UltraShort Mid Cap Fund) and BTCFX (Bitcoin ProFund Investor) are both mutual funds - UIPIX is a Inverse Equities fund managed by ProFunds, while BTCFX is a Cryptocurrency fund managed by ProFunds. Over the past 3 years, UIPIX returned -25.29%/yr vs 18.48%/yr for BTCFX. At a correlation of -0.40, they often move in opposite directions. UIPIX charges 1.78%/yr vs 1.41%/yr for BTCFX.
Performance
UIPIX vs. BTCFX - Performance Comparison
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Returns By Period
In the year-to-date period, UIPIX achieves a -25.34% return, which is significantly higher than BTCFX's -27.61% return.
UIPIX
- 1D
- -0.70%
- 1M
- -6.97%
- YTD
- -25.34%
- 6M
- -22.47%
- 1Y
- -36.05%
- 3Y*
- -25.29%
- 5Y*
- 29.03%
- 10Y*
- -7.60%
BTCFX
- 1D
- 2.39%
- 1M
- -15.16%
- YTD
- -27.61%
- 6M
- -27.80%
- 1Y
- -40.56%
- 3Y*
- 18.48%
- 5Y*
- —
- 10Y*
- —
UIPIX vs. BTCFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UIPIX ProFunds UltraShort Mid Cap Fund | -25.34% | -13.23% | -22.21% | 668.01% | 11.30% | -13.21% |
BTCFX Bitcoin ProFund Investor | -27.61% | -11.83% | 102.93% | 133.31% | -64.04% | -3.69% |
Correlation
The correlation between UIPIX and BTCFX is -0.40, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.35 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021 | -0.40 |
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Return for Risk
UIPIX vs. BTCFX — Risk / Return Rank
UIPIX
BTCFX
UIPIX vs. BTCFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort Mid Cap Fund (UIPIX) and Bitcoin ProFund Investor (BTCFX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UIPIX | BTCFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.86 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -1.03 | -0.76 | -0.27 |
| Martin ratioReturn relative to average drawdown | -1.86 | -1.30 | -0.56 |
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Drawdowns
UIPIX vs. BTCFX - Drawdown Comparison
The maximum UIPIX drawdown since its inception was -99.84%, which is greater than BTCFX's maximum drawdown of -77.89%. Use the drawdown chart below to compare losses from any high point for UIPIX and BTCFX.
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Drawdown Indicators
| UIPIX | BTCFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.84% | -77.89% | -21.95% |
Max Drawdown (1Y)Largest decline over 1 year | -35.97% | -53.40% | +17.43% |
Max Drawdown (3Y)Largest decline over 3 years | -64.88% | -53.40% | -11.48% |
Max Drawdown (5Y)Largest decline over 5 years | -64.88% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -91.19% | — | — |
Current DrawdownCurrent decline from peak | -99.22% | -50.35% | -48.87% |
Average DrawdownAverage peak-to-trough decline | -80.78% | -36.07% | -44.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.02% | 31.37% | -10.35% |
Volatility
UIPIX vs. BTCFX - Volatility Comparison
The current volatility for ProFunds UltraShort Mid Cap Fund (UIPIX) is 9.12%, while Bitcoin ProFund Investor (BTCFX) has a volatility of 12.77%. This indicates that UIPIX experiences smaller price fluctuations and is considered to be less risky than BTCFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UIPIX | BTCFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.12% | 12.77% | -3.65% |
Volatility (6M)Calculated over the trailing 6-month period | 23.47% | 34.56% | -11.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.55% | 44.46% | -12.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 418.87% | 55.31% | +363.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 297.67% | 55.31% | +242.36% |
UIPIX vs. BTCFX - Expense Ratio Comparison
UIPIX has a 1.78% expense ratio, which is higher than BTCFX's 1.41% expense ratio.
Dividends
UIPIX vs. BTCFX - Dividend Comparison
UIPIX's dividend yield for the trailing twelve months is around 3.49%, less than BTCFX's 38.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BTCFX Bitcoin ProFund Investor | 38.65% | 44.62% | 24.28% | 10.95% | 0.00% | 0.00% | 0.00% | 0.00% |
UIPIX ProFunds UltraShort Mid Cap Fund | 3.49% | 2.60% | 0.00% | 4.74% | 0.00% | 0.00% | 0.00% | 0.48% |
Frequently Asked Questions
UIPIX and BTCFX have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTCFX has higher volatility (12.77%) compared to UIPIX (9.12%). In terms of maximum drawdown, UIPIX dropped -99.84% vs BTCFX's -77.89%.
BTCFX currently has the higher Sharpe Ratio (-0.92 vs -1.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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